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"Some things are in our control and others not. Things in our control are opinion, pursuit, desire, aversion, and, in a word, whatever are our own actions. Things not in our control are body, property, reputation, command, and, in one word, whatever are not our own actions.
The things in our control are by nature free, unrestrained, unhindered; but those not in our control are weak, slavish, restrained, belonging to others. Remember, then, that if you suppose that things which are slavish by nature are also free, and that what belongs to others is your own, then you will be hindered. You will lament, you will be disturbed, and you will find fault both with gods and men. But if you suppose that only to be your own which is your own, and what belongs to others such as it really is, then no one will ever compel you or restrain you. Further, you will find fault with no one or accuse no one. You will do nothing against your will. No one will hurt you, you will have no enemies, and you not be harmed.
Aiming therefore at such great things, remember that you must not allow yourself to be carried, even with a slight tendency, towards the attainment of lesser things. Instead, you must entirely quit some things and for the present postpone the rest. But if you would both have these great things, along with power and riches, then you will not gain even the latter, because you aim at the former too: but you will absolutely fail of the former, by which alone happiness and freedom are achieved.
Work, therefore to be able to say to every harsh appearance, "You are but an appearance, and not absolutely the thing you appear to be." And then examine it by those rules which you have, and first, and chiefly, by this: whether it concerns the things which are in our own control, or those which are not; and, if it concerns anything not in our control, be prepared to say that it is nothing to you."
Very entertaining PA today. I read the market exceptionally well. No trades as nothing quite met my requirements for high prob swing entry.... though some signals came close (i.e. b3 long, b13 long...etc).
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
"Remember that following desire promises the attainment of that of which you are desirous; and aversion promises the avoiding that to which you are averse. However, he who fails to obtain the object of his desire is disappointed, and he who incurs the object of his aversion wretched. If, then, you confine your aversion to those objects only which are contrary to the natural use of your faculties, which you have in your own control, you will never incur anything to which you are averse. But if you are averse to sickness, or death, or poverty, you will be wretched. Remove aversion, then, from all things that are not in our control, and transfer it to things contrary to the nature of what is in our control. But, for the present, totally suppress desire: for, if you desire any of the things which are not in your own control, you must necessarily be disappointed; and of those which are, and which it would be laudable to desire, nothing is yet in your possession. Use only the appropriate actions of pursuit and avoidance; and even these lightly, and with gentleness and reservation."
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
I ran across some of your posts through another thread from early days in the forum. Must say that I truly appreciate the psychological wisdom you bring to the art of trading. A lot of what you have posted in your earlier threads are very thought provoking, and my trading has really taken a turn for the better from people like you on this forum.
Glad to see you are back! Best of luck with your trading!
thanks for your kind and encouraging words. In truth, I am a slower learner... but if there is one thing that I grasped in the last 10 years of on and off trading it is this:
Beyond a certain technical level, trading is 100% psychology.
Today I read the following:
“The unconscious will let you have only what you think you deserve.” - from Letting Go, by Dr. David R. Hawkins
How's that for something to chew on... definitely gave me a pause. It explains so much. We are our greatest obstacles to success, in trading and otherwise.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
I'm right there with ya! And this site truly is a great resource for opening eyes to the myopic view of trading that most of us new guys have. Once again, thanks for the insight.
Very entertaining day.... except for piece of shit Thai Internet that kept disconnecting every 10 minutes. Nevermind the tricky PA today... had to handle the disconnects on top of that. (Moving to a nice resort in 2 weeks.)
Very tricky market today. After B9, was waiting for a good entry bar up.... instead we got a 25 tick spike up... no entry.
1 trade, -3 ticks. B16 long. It was by far the best signal today.... even looked like it was gonna take off upwards at one point.... but didn't. I got slipped horribly on the entry, but also pulled the trigger late.
When I saw the trade fail I got the hell out.... loss or no loss. I could have gotten out at +4 or so easily... but I gave it every chance to work (the potential reward was about +30 ticks).
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
1 trade, +28 ticks, b6 long on double bottom wedged in strong support, on a good TB/RB with confirmation.
...but I give myself a C- for the day, as I broke my rule about entering only and exactly on a bar close. I jumped the gun about 10 seconds on the entry, and it cost me about 5 ticks. Definitely a point I can improve as I did that once last week too.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
